Report: Citigroup plans another round of layoffs in March

Citigroup plans a further round of layoffs in March (after the payout of bonuses). Reported: the size of the March wave is not quantified (following the roughly 1,000 already cut in January); the original source (gewinnermagazin.de) is no longer reachable, replacement source PYMNTS. Affected are primarily directors and senior staff across all business divisions. Group CEO Jane Fraser is pursuing a far-reaching restructuring to cut costs, resolve regulatory problems and boost profits. The total workforce fell from 240,000 (2022) to 226,000 (end of 2025).